Oil consumers have reason to feel relieved that Saudi Arabia hasn’t increased production by more than the 300,000 b/d now widely disparaged as inadequate. They also have reason to cringe after the latest energy abomination from the US Congress: passage by the House of a bill empowering the Department of Justice to take antitrust action against the Organization of Petroleum Exporting Countries.Yes, the market needs more oil. But it needs lighter and sweeter crude oil than what will become available from any immediate Saudi production hike. The market also needs enough production potential in reserve to meet demand surges and supply disruptions. And consumers need energy governance ba...